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Evolution, heritable risk and skewness loving
Heller, Yuval; Robson, Arthur John - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 403-424
Our understanding of risk preferences can be sharpened by considering their evolutionary basis. The existing literature has focused on two sources of risk: idiosyncratic risk and aggregate risk. We introduce a new source of risk, heritable risk, in which there is a positive correlation between...
Persistent link: https://www.econbiz.de/10012587359
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A critical perspective on the conceptualization of risk in behavioral and experimental finance
Holzmeister, Felix; Huber, Christoph; Palan, Stefan - 2021
Risk is one of the key aspects in financial decision-making and therefore an integral part of the behavioral economics and finance literature. Focusing on the conceptualization of the term "risk", which researchers have addressed from numerous angles, this comment aims to offer a critical...
Persistent link: https://www.econbiz.de/10012591124
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Income risk, precautionary saving, and loss aversion : an empirical test
Ibanez, Marcela; Schneider, Sebastian O. - 2021
This paper empirically examines the behavioral precautionary saving hypothesis by Koszegi and Rabin (2009) stating that uncertainty about future income triggers saving because of loss aversion. We extend their theoretical analysis to also consider the internal margin, i.e., the strength, of loss...
Persistent link: https://www.econbiz.de/10012438025
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Risk attitudes with state-dependent indivisibilities in consumption
Fels, Markus - 2019
gleichen Gründe, die Risikoaversion ausschließen, erweisen sich als Grundlage für den Wunsch nach einer Versicherung. Damit … wird der Standardansatz in Frage gestellt, nach dem Versicherungsnachfrage auf Risikoaversion beruht, mit wichtigen …
Persistent link: https://www.econbiz.de/10011998942
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Risk attitudes with state-dependent indivisibilities in consumption
Fels, Markus - 2019
Some consumption opportunities, e.g. medical treatments, are both indivisible and only valuable in particular states of nature. The existence of such state-dependent indivisible consumption opportunities influences a person's risk attitudes. In general, people are not risk averse anymore even if...
Persistent link: https://www.econbiz.de/10012231153
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Income risk, precautionary saving, and loss aversion : an empirical test
Ibanez, Marcela; Schneider, Sebastian O. - 2023
aversion. An accompanying laboratory experiment confirms that an exogenous increase in income risk causally leads to this …
Persistent link: https://www.econbiz.de/10014312199
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On Aggregability of Risk Averse and Risk Seeking Preferences into One Representative Agent
Obrimah, Oghenovo A. - 2019
This study provides formal theoretical evidence for nesting of probability measures that are generated by risk aversion in probability measures that are generated by risk seeking preferences. In presence of highlighted nesting, conditional on independent parameterization of expectations...
Persistent link: https://www.econbiz.de/10012865632
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Gender wage gaps and risky vs. secure employment : an experimental analysis
Jung, Seeun; Choe, Chung; Oaxaca, Ronald L. - 2016
In addition to discrimination, market power, and human capital, gender differences in risk preferences might also … contribute to observed gender wage gaps. We conduct laboratory experiments in which subjects choose between a risky (in terms of … more likely than men to select the secure job, and these job choices accounted for between 40% and 77% of the gender wage …
Persistent link: https://www.econbiz.de/10011521155
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Relating risk preferences and risk perceptions over different agricultural risk domains : insights from Ethiopia
Feyisa, Ashenafi Duguma; Maertens, Miet; Mey, Yann de - In: World development : the multi-disciplinary … 162 (2023), pp. 1-14
Persistent link: https://www.econbiz.de/10014226317
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Risk preferences and sibling sex composition
Wiborg, Vegard Sjurseike - In: Applied economics letters 30 (2023) 9, pp. 1228-1234
Persistent link: https://www.econbiz.de/10014303850